APA Co. (NASDAQ:APA) Shares Sold by Lodestone Wealth Management LLC

Lodestone Wealth Management LLC cut its holdings in APA Co. (NASDAQ:APA) by 4.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 62,054 shares of the company’s stock after selling 2,623 shares during the quarter. Lodestone Wealth Management LLC’s holdings in APA were worth $1,433,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of APA. TD Private Client Wealth LLC grew its position in shares of APA by 84.1% in the third quarter. TD Private Client Wealth LLC now owns 1,182 shares of the company’s stock valued at $29,000 after purchasing an additional 540 shares during the last quarter. Wilmington Savings Fund Society FSB boosted its position in APA by 77.9% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 1,338 shares of the company’s stock worth $31,000 after acquiring an additional 586 shares during the last quarter. MassMutual Private Wealth & Trust FSB boosted its position in APA by 93.5% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,614 shares of the company’s stock worth $37,000 after acquiring an additional 780 shares during the last quarter. Huntington National Bank boosted its position in APA by 48.8% during the third quarter. Huntington National Bank now owns 1,710 shares of the company’s stock worth $42,000 after acquiring an additional 561 shares during the last quarter. Finally, Eastern Bank boosted its position in APA by 355.0% during the fourth quarter. Eastern Bank now owns 2,275 shares of the company’s stock worth $53,000 after acquiring an additional 1,775 shares during the last quarter. 83.01% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other APA news, Director Juliet S. Ellis purchased 4,391 shares of the firm’s stock in a transaction dated Thursday, December 12th. The stock was acquired at an average cost of $22.78 per share, with a total value of $100,026.98. Following the acquisition, the director now owns 12,436 shares of the company’s stock, valued at approximately $283,292.08. This represents a 54.58 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 1.30% of the company’s stock.

APA Price Performance

Shares of APA stock opened at $23.14 on Friday. The firm has a market cap of $8.56 billion, a P/E ratio of 3.27 and a beta of 3.15. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.24 and a quick ratio of 1.24. APA Co. has a 1-year low of $20.32 and a 1-year high of $36.04. The firm has a fifty day moving average of $22.84 and a two-hundred day moving average of $24.49.

APA Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 22nd. Stockholders of record on Tuesday, April 22nd will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 4.32%. The ex-dividend date is Tuesday, April 22nd. APA’s dividend payout ratio (DPR) is presently 14.12%.

Analysts Set New Price Targets

A number of analysts recently issued reports on APA shares. JPMorgan Chase & Co. decreased their target price on shares of APA from $29.00 to $25.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 13th. Citigroup cut their price target on shares of APA from $29.00 to $24.00 and set a “neutral” rating on the stock in a research note on Tuesday, November 26th. Truist Financial cut their price target on shares of APA from $36.00 to $33.00 and set a “buy” rating on the stock in a research note on Friday, November 8th. Barclays cut their price target on shares of APA from $30.00 to $27.00 and set an “equal weight” rating on the stock in a research note on Friday, November 8th. Finally, Mizuho cut their price target on shares of APA from $25.00 to $24.00 and set an “underperform” rating on the stock in a research note on Monday, December 16th. Four investment analysts have rated the stock with a sell rating, eleven have given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $30.65.

About APA

APA Corporation, an independent energy company, explores for, develops, and produces natural gas, crude oil, and natural gas liquids. It has oil and gas operations in the United States, Egypt, and North Sea. The company also has exploration and appraisal activities in Suriname, as well as holds interests in projects located in Uruguay and internationally.